The President of Tanzanian, Samia Suluhu said in a speech that “The Central Bank should be ready for the changes and not be caught unprepared,”. If ever this will push through Tanzanian would be the first country in Africa to have a digital currency regulation. Though they haven’t revealed if they would be using the existing digital currencies like Bitcoin, Ethereum, etc. or their own Central Bank Digital Currency. The Bank of Tanzanian took note and will start to move in making the president’s speech in reality.
Blockchain has made headlines recently for using more energy than airlines or even entire countries. Different types of chains have different impacts on the environment based on how they're designed. The proof-of-stake (POS) model is significantly more energy-friendly than the traditional Proof of Work (POW) model. Blockchains operate differently than traditional IT systems. Different types of chains have different impacts on the environment based on how they're designed. Proof-of-work (POW) is what's behind traditional "mining," where miners compete to solve a mathematical puzzle. The Bitcoin Foundation has switched to a more energy-friendly model of proof-of-stake. Proof-of-stake (POS) requires those working on the chain to have skin in the game. POS also reduces power consumption and accelerates the handling of transactions. The model is being adopted by big names in the industry such as Bitcoin, & Ripple.
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